(Answered) Assume that simple co had credit sales of 248000 and cost

Accounting

Assume that Simple Co. had credit sales of $248,000 and cost of goods sold of $148,000 for the period. Simple uses the aging method and estimates that the appropriate ending balance in the Allowance for Doubtful Accounts is $2,800.

Before the end-of-period adjustment is made, the Allowance for Doubtful Accounts has a credit balance of $230.

What amount of Bad Debt Expense would the company record as an end-of-period adjustment?

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